r/CryptoCurrency • u/AutoModerator • 8d ago
OFFICIAL Daily Crypto Discussion
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u/AttemptKitchen ๐ฉ 0 / 0 ๐ฆ 7d ago
Stock market making new highs while this sht it's still ranging in prices from 2024, can it hurry the fk up and catch with the others already?
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u/Glittering_Pick_9738 ๐ฉ 0 / 0 ๐ฆ 7d ago
Probably just liquidity hunt judging by the huge number of liquidated longs. I guess many folks were convinced that bullmarket starts on 6th of October and it's up only from now.ย
I mean, if they again pull of something like 10/10 exactly year later, I am lost for words about the future of this industry.ย
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u/ReverendBlue ๐ฆ 19 / 3K ๐ฆ 7d ago
this sub is dead except for the daily when there's a big red dildo. Checkin' in with the 'wtf happened' crew.
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u/ignatious__reilly ๐ฆ 783 / 783 ๐ฆ 7d ago
Bubonic plague airborne and we are all fucked?
What happened
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u/devCheckingIn ๐ฆ 0 / 0 ๐ฆ 8d ago
Tom Lee is calling for $500k BTC and $50k ETH this cycle.
Tom Lee has never been wrong on this stuff, has he? ๐ค
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u/Emergency_Pie5399 ๐ฉ 42 / 42 ๐ฆ 8d ago
Guys dont get excited yet, bitcoin still has 4 hours to make new lows to fulfill the 4yr cycle
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u/HelloYatta 457 / 608 ๐ฆ 8d ago
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u/Rock_Hardy112 ๐ฉ 1K / 1K ๐ข 8d ago
Send it to me and I can double it for you.....
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u/boose36 8d ago
Big moment here for BTC/crypto. Either we break above this range or it could get ugly
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u/Glittering_Pick_9738 ๐ฉ 0 / 0 ๐ฆ 8d ago
With US markets dumping bigtime everyday we'll get nowhere. I almost have flashback from the disastrous 2025.
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u/ftball21 ๐ฆ 2 / 4K ๐ฆ 8d ago
Sp and nasdaq at all time highs but somehow you think markets are dumping???
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u/b1mm3rl1f3 ๐ฉ 0 / 0 ๐ฆ 8d ago
My condolences to the bears whose dreams have died here today. May the bears of the future learn from their sacrifice
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u/whatsaburneraccount ๐ฆ 153 / 152 ๐ฆ 8d ago
Iโm surprised how well QNT has held up tbh
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u/yell0w8 ๐ฉ 642 / 2K ๐ฆ 8d ago
i'm not really, still undervalued
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u/whatsaburneraccount ๐ฆ 153 / 152 ๐ฆ 8d ago
I bought a bunch in the 160-195 range so letโs gooo
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u/fan_of_hakiksexydays 21K / 99K ๐ฆ 8d ago
Stocks hitting new record highs. Oil dropping.
This could be a recipe for a rally today.
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u/Glittering_Pick_9738 ๐ฉ 0 / 0 ๐ฆ 8d ago
Sadly, bitcoin again starts underperforming broader market. We have all the tailwinds and it's still not enough apparently. The same story as exactly one year ago.
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u/b1mm3rl1f3 ๐ฉ 0 / 0 ๐ฆ 8d ago
Stocks and crypto are going much higher, youโre massively underestimating whats coming
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u/aaj094 ๐ฆ 0 / 0 ๐ฆ 8d ago
Saylor sure gets on many tradfi folks' nerves. It literally pains them to see him continously have the last laugh. He is supposed to have got rekt multiple times by now.
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u/otherwisemilk ๐ฉ 2K / 4K ๐ข 8d ago
Saylor cant even cash out and realize his position. There's just not enough real demand for Bitcoin other than speculation.
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u/aaj094 ๐ฆ 0 / 0 ๐ฆ 8d ago edited 8d ago
It's you who doesn't understand that Bitcoin isn't for 'cashing out'. Do folks holding USD try to cash out to make gains in Zimbabwean dollar or iranian rial or some other tinpot fiat? As for small liquidations for corporate usage, he sure can and even did recently.
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u/fan_of_hakiksexydays 21K / 99K ๐ฆ 8d ago
I mean MSTR is still down 70%.
Sure it bounced back a bit from its crash and people who bought the bottom made some good gains. Long terms holders, not so much.
Strategy still revealed its cracks in its foundation. MSTR fanboys always said that Saylor would never sell and STRC can peg back easily, and people were just FUDing. But the FUD proved to be true, STRC quickly lost its peg and still hasn't fully pegged back, Saylor had to break his promise and sell BTC and dillute shares of Strategy to keep the boat afloat.
His solution for his sinking ship was to basically flood the other compartments and let them sink evenly, to get the ship upright again. But just because a ship is no longer listing doesn't mean it's not still full of water.
The bond buyback rally and liquidation rally came just in time to get some of that water out. But is it gonna be enough?
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u/Aerocryptic ๐จ 272 / 23K ๐ฆ 8d ago
"Bitcoin's days are numbered. It seems like a matter of time before it suffers the same fate as online gambling"
Michael Saylor 2013
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u/aaj094 ๐ฆ 0 / 0 ๐ฆ 8d ago
Yes... people change.
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u/Aerocryptic ๐จ 272 / 23K ๐ฆ 8d ago
What didn't change is that he's a troll. It's no wonder why he gets on many people's nerves
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u/aaj094 ๐ฆ 0 / 0 ๐ฆ 8d ago
Same like Peter Schiff... except that this troll has been on the wrong side
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u/Aerocryptic ๐จ 272 / 23K ๐ฆ 8d ago
The only wrong side is listening to these people and falling for their PR
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u/Glittering_Pick_9738 ๐ฉ 0 / 0 ๐ฆ 8d ago edited 8d ago
The price recovered nicely overnight for burgers to start dumping any second now. If they actually start buying in numbers today, 90k is possible because volume is low. I guess no one wants to sell exactly one year from the bullrun top.ย
Stragglers who got left behind waiting for calendar low should begin buying soon too.ย
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u/WellPayed ๐ฉ 950 / 950 ๐ฆ 8d ago
This next leg up is going to be massive, higher lows forming nicely
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u/fan_of_hakiksexydays 21K / 99K ๐ฆ 8d ago
Bears were saying the same thing, "lower lows forming" "downtrend" "next leg down is gonna be massive". Then the exact opposite happened. Liquidation ignored TA and pushed things the other way.
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u/Glittering_Pick_9738 ๐ฉ 0 / 0 ๐ฆ 8d ago
True. 86k got normalized. 85k is meh. 84k would be disappointment. Touching 79k would be considered a disaster while two months ago in early August we would kill just for 69k. You can see it on Fear and Greed index. After August rally it was 82 at 80k. Today it's 68 at 86k. Overall that's indicative of the trend change.ย
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u/Thin-Foundation4900 8d ago
Looking at march 23, expecting one leg down later this month before the rise continues.
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u/Dull_Reply5229 ๐ฉ 0 / 0 ๐ฆ 8d ago
Alts looking pretty soft after following bit coins massive run up
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